The Supreme Court declared as void another escalation clause, which authorizes the lessor, seller, or some other party to raise the base price up to a fixed percentage, in view of specified cost increases, in Spouses Limso v. Philippine National Bank. In this case, Spouses Robert and Nancy Limso (“Spouses Limso”) and Davao Sunrise Investment and Development Corporation (DSIDC) took out a P700-million loan, consisting of a revolving credit line of P300 million and seven-year long-term loan of P400 million. It is secured by real estate mortga ...
While not common, there are options for no-credit-check business loans. Learn about the types of business financing you can get with no credit check here.
Understand how to get business financing without a credit history, plus where to find alternative sources of business funding.
Need funding for your business but have no credit? Check out these business loan options with no credit check. Get the funding you need to help your business thrive.
It may be possible to get startup business loans with no revenue or cash flow. But getting a business loan with no money doesn’t mean it’s the best option.
A centralized national credit bureau under a fledgling government-owned and -controlled corporation called Credit Information Corp. (CIC) is expected to start operations under the auspices of the Securities and Exchange Commission by December next year. In a recent press briefing, SEC Chair Teresita Herbosa said CIC was now in the process of procuring computer systems and establishing the network to finally jump-start operations. CIC has budgeted about P100 million to set up its information tech...
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“Nag-aalala ka dahil nagmamahal ka (You worry because you care).” · This was the sentiment shared by Ms. Sharon Cuneta in her latest vlog for the Insular Life (InLife) Dreamweaver Series. “My life still had its ups and downs but generally I have been really fortunate. And while most of you will see me as an accomplished individual, believe it or not, I still have my own share of worries. I still worry about my kids, my husband, my family, which is just normal,” the mom of KC, Frankie, Miel, and Miguel said. ...
The Duterte administration has stopped the planned merger of state-run lenders Development Bank of the Philippines and Land Bank of the Philippines that was given the go-ahead by former President Aquino early this year. In a statement Tuesday, Department of Finance (DOF) spokesperson Paola Alvarez said that an en banc resolution of the Governance Commission for Government Owned and Controlled Corporations (GCG) “resolved to cancel the implementation” of Executive Order (EO) No. 198 issued by...
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